Manager, Reconciliation

NB Aurora Holdings Limited • New York, NY

261d • $110,000 - $140,000

About The Position

The Private Wealth (PW) Operations Reconciliation Team is responsible for the research and resolution of discrepancies identified during the reconciliation of our internal accounting records and external custodians. This role supports a rapidly growing business working closely with internal and external parties to resolve all issues in a timely manner. This individual should be able to work in a fast-paced environment and work well under pressure. The ideal candidate for this role is expected to have prior experience with portfolio accounting reconciliation and direct people management experience.

Requirements

• B.S. degree in Accounting or Finance or equivalent experience
• 7-10+ years' experience in operations and/or middle office roles at an investment bank, asset manager or broker dealer required (portion of prior experience must include reconciliation role)
• 2+ years experience working as a direct supervisor/manager
• General product knowledge (Equities, FX, Fixed Income, Options, Bank Debt, Mutual Funds, etc.)
• Multicurrency Processing experience a plus
• Working knowledge of SunGard Addvantage, Broadridge Proactive or similar reconciliation platforms, highly valued.
• Excellent time management and organizational skills required with the ability to prioritize and multitask effectively.
• Must be detail-oriented with exceptional analytical and research skills
• Full understanding and working knowledge of the operational aspects of fixed income products, equities, and their related standard settlement mechanisms.
• Must be proficient in Excel using pivot tables, vlookups, etc.
• Excellent verbal and written communication skills
• Ability to operate and take initiative with little or no direction.

Responsibilities

• Oversee daily reconciliation of Neuberger Berman's internal accounting system to the records of our clients' custodians.
• Oversight of 3rd party vendor platforms used for reconciliation processes.
• Onboarding of new accounts and custodian relationships with our data aggregation partner.
• Data mapping and validation for new custodian sources.
• Work with reconciliation vendor on changes/enhancements to the platform, including capturing requirements and QA testing.
• Work with our onboarding team to facilitate the implementation of complex mandates.
• Ensuring connectivity with our data aggregator.
• Reviewing internal account setups to ensure correct processing for foreign accounts.
• Work across recon teams to facilitate cost basis reconciliation as needed.
• Work with custodian contacts to set up online access and data feeds as needed.
• Setup of manual processes to support mandates that can't be onboarded in our standard reconciliation model.
• Manage reconciliation team mailboxes and respond to inquiries in a timely manner.
• Ability to clearly articulate complex issues to our client facing teams.
• Work with internal technology partners on enhancements to our system, and opportunities for automation.
• Prepare and present reconciliation metrics.
• Various ad hoc process optimization/improvement projects as needed.

Benefits

• Paid time off
• Medical/dental/vision insurance
• 401(k)
• Life insurance
• Discretionary bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Bachelor's degree